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Loan Amounts

Note that details provided on this page reference loans made under the Federal Family Education Loan Program (FFELP). Effective July 1, 2010, all new federal student loans will come directly from the U.S. Department of Education (ED) under the William D. Ford Federal Direct Loan Program (Federal Direct Loans). For information regarding Federal Direct Loans, refer to ED's Direct Loan Program website or contact the college's financial aid office.

Direct Loan Limits, Rates and Fees .gif

Subsidized and Unsubsidized

In addition to financial need, the amount of student loans that can be borrowed depends upon several factors, such as a student's year in school and whether the loan(s) are subsidized or nonsubsidized. For more detailed information on determining loan periods, annual and aggregate loan limits, and proration, refer to Volume 3 FSA Handbook: Calculating Awards and Packaging.

Federal Stafford Loan Limits

Maximum annual limits for undergraduate and graduate students are monitored by the college based on federal regulations. Below is the loan limits chart for loans disbursed on or after July 1, 2008.


Annual Limits


Total (Subsidized & Unsubsidized)
Dependent Undergraduates    
First Year  $3,500 $5,500 
Second Year $4,500 $6,500 
Third Year and higher $5,500 $7,500 
Independent Undergraduates*    
First Year $3,500 $9,500
Second Year $4,500 $10,500
Third Year and higher $5,500  $12,500
Graduate and Professional Students Not Eligible $20,500
Aggregate Limits Subsidized Total (Subsidized & Unsubsidized) 

Dependent Undergraduates

$23,000 $31,000 
Independent Undergraduates* $23,000 $57,500
Graduate and Professional Students $65,500 $138,500

Additional Information on Loan Limits

  • Certain health professions students may qualify for increased loan limits depending on the program of study.
  • Annual loan limits for undergraduate students are prorated.
  • *Independent students may qualify for additional unsubsidized Stafford loan amounts. Dependent students may also qualify for additional amounts if determined eligible by the financial aid administrator or if the parents do not qualify for a Federal PLUS loan.
  • Preparatory and Teacher Certification students have increased loan limits.

Federal PLUS Loan Limit

The annual maximum amount that can be borrowed under the Federal PLUS Loan Program is equal to the cost of attendance minus (-) financial aid received. There is no aggregate maximum.

Fees and Disbursements

A federally mandated loan fee of 1.069 percent is charged on Stafford loan proceeds prior to disbursement through September 30, 2017.  Between October 1, 2017 and June 30, 2018, the fee is 1.066%.

A federally mandated loan fee of 4.276 percent is charged on PLUS loan proceeds prior to disbursement through September 30, 2017.  Between October 1, 2017 and June 30, 2018, the fee is 4.264%.

Loans are generally disbursed in at least two installments, and proceeds are electronically transmitted to the college.